Investment Become Gambling

[L E G E N D A R Y]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

[Cgrexp]

Trading is   risky. because it relies on short-term market fluctuations. And most people can't maintain consistency. Many people panic and sell. However, not everyone is impatient or afraid. Experienced and disciplined traders follow risk management. In long-term investing, short-term volatility reduces anxiety and allows for regular investment. For most people, taking a long-term view with DCA is more sustainable and realistic than short-term trading.

You are right trading is risky and even investing is risky but it just that trading risk is higher than holding. In trading if we don’t have the patience and endurance while trading then we are going to loss so much in trading and it has been of notice that many new traders lacks this attributes you mentioned and they do make silly mistakes and loss so much in trading. But investing doesn’t need us to get ourselves stress at all instead with just small knowledge we would invest and make it out with good returns. And the risk In investment is low but we still need patience with investing too.

Investing in Bitcoin by continuously buying and holding is the best approach for Bitcoin. Trading is becoming increasingly difficult, especially in a market like Bitcoin. So as we look back at the history of Bitcoin, we see that a 'buy and hold' strategy has worked quite well. And there will be rare instances where any trading strategy could beat the buy and hold strategy. Although historically, the odds have been against traders in Bitcoin and are likely to be against them in the future. Trading is a risky approach compared to an asset like Bitcoin. Although people can make a fortune even by adopting this risky approach.

[The Founding Titan]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

[Nwaswago]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

I'm quite new here but still think investing in bitcoin is a lovely idea ,tho its a long time investment which may seem like a waste of time,I am still trying to understand the basics in bitcoin completely before I enter or turn into and investor in the market ,but definitely would someday ,Any advice for a newbie here?

[Proty]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Trading is a short-term profit-making strategy. Trading is a form of gambling. I discourage trading because there are a lot of risks involved in this platform because you need to be experienced in market analysis. If you can trade with patience and within your financial means, you may get some profit but it is uncertain. Long term Bitcoin investment is the most promising and relatively less risky.

Due to the volatility of Bitcoin price you should accumulate Bitcoin regularly through discretionary income. Through discretionary income in the DCA method. This method is one of the best strategies for accumulating Bitcoin in the long term strategy because the strategy of frequent buying in price volatility is the best for growing Bitcoin portfolio.

Trading is very risky and no amount of patience or trading within ones financial means that will make trading to be less risky. Therefore the best option is to avoid trading entirely if possible and focus on long term investment. The idea of making profit from trading is like going into gambling with hope of making profit and the risk is very high. Therefore, it is wrong if you decide to give people a hope that they may make profit from trading, this is wrong.

[GIF-JOBS]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Trading is a short-term profit-making strategy. Trading is a form of gambling. I discourage trading because there are a lot of risks involved in this platform because you need to be experienced in market analysis. If you can trade with patience and within your financial means, you may get some profit but it is uncertain. Long term Bitcoin investment is the most promising and relatively less risky.

Due to the volatility of Bitcoin price you should accumulate Bitcoin regularly through discretionary income. Through discretionary income in the DCA method. This method is one of the best strategies for accumulating Bitcoin in the long term strategy because the strategy of frequent buying in price volatility is the best for growing Bitcoin portfolio.

Trading is very risky and no amount of patience or trading within ones financial means that will make trading to be less risky. Therefore the best option is to avoid trading entirely if possible and focus on long term investment. The idea of making profit from trading is like going into gambling with hope of making profit and the risk is very high. Therefore, it is wrong if you decide to give people a hope that they may make profit from trading, this is wrong.

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.